Sharp Bet on Trip Advisor Going for Redemption

By Sang Lucci Uncategorized

By Sang Lucci

After it’s most recent earnings call, Trip Advisor has fallen back towards the lows of it’s recent range around $60. Frankly, the stock hasn’t done much for shareholders in the last 3 years while Priceline sits at the head of the industry table. We saw some options activity today though that may turn the tides for this stock in the short-term.

There is a total of 3700 contracts traded so far on this strike currently with no open interest so most of this volume is opening. So paying around $1.3 these players need the stock to get back into the earnings gap territory around $66 fairly soon in order to make any real money. With Priceline and Expedia trading bullishly, maybe we can see a short squeeze or two start the party in Trip Advisor.

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About the Author

Sang Lucci

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Anand Sanghvi, aka "Lucci", is the founder and head trader at Sanglucci.com. Anand has successfully traded equities and options since 2006, beginning his career as a proprietary trader at PTG Capital. Anand was named head trader utilizing tape reading and options to make his plays. Anand left in 2009 to manage his own money and infamously turned $50,000 into over $2,400,000. He soon founded Sanglucci.com.

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